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's the view of all of them. >> of course. >>> we'll move onto the debt ceiling with the government on pace to run out of money by mid-february. >> yesterday, the president warned republican leaders raising the nation's borrowing limit was non-negotiable and congress aimed to use it as lever eventuallyiage for deep s. >> while i'm willing to find middle ground to reduce our deficits, america cannot afford another debate. not paying its bills is irresponsible. it's absurd. republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect or ransom in exchange for not crashing the america economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serio
the power to ignore the debt ceiling. >> shannon: all right sm. democrats are pointing to a section that reads that the validity of the public debt of the united states should not be questioned. they say, based on that, they would support president obama, in raising the debt ceiling without congressional approval. joining me now to talk about that and many other thicks, former mississippi governor, republican, haley barbour. thank you for coming in. >> i hope the president doesn't try to do that. to try to take away from the congress the power that the constitution directly gives the congress. that is the power to -- to spend, the power to control the debt. i know that the treasury department has announced they are not going to do it. i hope they stick to that decision because this is -- we should never have a situation where one person-- the president -- can put our country deeper, deeper, deeper in debt. we are doing a bad job of that now. it would be really bad if it was not -- if the congress let their control go. >> shannon: you saw the white house press secretary says it is no
nothing and there are also no meetings even planned regarding the debt ceiling and the inevitable issue that is are faced by those who need to make the decisions for us. >> yeah. we have got this triple deadline coming up. and nobody -- everybody says they don't want to do it at the last minute the way we did with the fiscal cliff but nobody seems to be talking about it yet. you don't have negotiations started. granted we are in a bit of a holding pattern with the inauguration coming up and maybe things start to happen after that but nobody seems to be jumping in proactively for a solution to these issues that are coming up and that's because they're tough decisions. they're hard. and nobody has something that is universally palatable ready to off offer. >> with that said, will we see a separation of spending cuts the republicans say they want to desperately and separate it from the debt ceiling? as the president said, you can't run out on a meal you have eaten. this is not new debt. this is bills we have acquired. the government and this country must be obligated to do the same. >> wel
the enlisted men and women who serve for the u.s. military. >> hmm. we have to talk debt ceiling, peter, because there's been this talk of minting that trillion-dollar coin. that is now off the table. so is the white house looking at another big fight here, and do you think if so it's on par with what we saw at the fiscal cliff? >> i think in many ways this one could be a lot more significant. this could be a lot more difficult than the fiscal cliff. there was a deadline for that and that was an issue that a lot of people felt would be resolved ultimately in some form the way that it was. the debt ceiling crisis does sort of put these o'two sides, the republicans and democrats and the white house and congress head to head. once again right now, the republicans have insisted that the only way they will raise that debt ceiling past the 16.4 trillion mark where it is right now is if they get dollar for-dollar spending cuts that match that raise. the president has said, his press secretary has said, they will not negotiate on this issue. on the fiscal cliff issue they were willing to negoti
Search Results 0 to 3 of about 4